Some see it as positive news some are still skeptical about Miami real estate, but the median sales price for condominiums in Miami rose 18% in November 2011. This is the fourth consecutive year-over-year increase, according to a report by the Miami Association of Realtors. Miami’s housing inventory continued its steep decline last month, with sales of single-family homes jumping 11 percent and condo sales increasing 2 percent compared to the same period in 2010. “Residential real estate sales in Miami have consistently risen in Miami-Dade since August 2008,” said Jack Levine, chairman of the board of the Miami Association of Realtors. “Now, after the relatively rapid absorption of excess housing inventory, we are seeing property prices follow the same pattern.” In Broward County, the median sales price for condos rose 19 percent, with an 18 percent increase for single-family homes.

Couple that with strong per-construction sales data and it’s almost like going back to 2004. There were more than 500 preconstruction contracts and reservations which were collected at the six newly proposed condo towers in the tricounty South Florida region.

The preconstruction purchase commitments represent at least 46 percent of the 1,150 proposed units currently being marketed for presales in Miami-Dade, Broward, and Palm Beach counties, according to a new survey of planned developments conducted by the licensed Florida real estate brokerage CVR Realtyâ„¢.

“Buyer demand for the newly proposed condo towers appears to be stronger than most people would probably think given today’s economic climate and remaining unsold developer inventory from the last South Florida real estate boom. The survey suggests that every proposed project is currently selling at prices between $300 and $440 per square foot for the lower-end projects and between $800 and $1,500 for the higher-end projects in Sunny Isles Beach.

On a project-by-project basis, leading the way in presales is the proposed 96-unit 23 Biscayne Bay tower – which began construction in June 2011 – in the Biscayne Boulevard Corridor of Greater Downtown Miami that has presold 100 percent of the planned units, according to the survey.

The proposed 192-unit MyBrickell tower in the Brickell Avenue Area of Greater Downtown Miami has presold more than 70 percent of the planned units, according to the survey.

The proposed 49-unit Apogee Beach tower – which began construction in December 2011 – in the city of Hollywood in Southeast Broward County has presold more than 61 percent of the planned units, according to the survey.

The proposed 369-unit Sky Palace At Mary Brickell Village project in the Brickell Avenue Area of Greater Downtown Miami has presold some 51 percent of the planned units, according to the survey.

The proposed 374-unit BrickellHouse tower in the Brickell Avenue Area of Greater Downtown Miami has presold some 21 percent of the planned units, according to the survey.

The proposed 70-unit Bellini At Williams Island tower – which began construction in December 2011 – in the city of Aventura in Northeast Miami-Dade County declined to provide presale figures, according to the survey.

An additional 14 projects with more than 3,000 units have been proposed for the South Florida area but have not yet begun presales, according to the report.

Fueled by a surge in cash buyers from overseas and prospects of Las Vegas-style casinos being permitted in South Florida, developers are proposing a combined 20 new towers in Miami-Dade, Broward, and Palm Beach counties with 10 projects in Greater Downtown Miami, four towers in Sunny Isles Beach, two towers in Miami Beach, two towers in West Palm Beach, and one tower each in Hollywood and Aventura.

Please contact Sunny Realty for more information: 1.877.368.2318 or info@SunnyRealty.com

If you’re interested in buying property in the Miami real estate market

there have been several shifts in the financing world that have made it possible to do so again. They include creative types of financing that allow you to get in on good deals on Miami luxury properties.

The Situation

When the mortgage boom was in full swing, there were plenty of different sources of financing available to buyers. Freddie Mac and Fannie Mae were both very loose with their lending and there were plenty of private lenders in the business.

Of course, this turned out to have some unforeseen consequences to it that led to the mortgage crash in 2007-2008. This made the banks tighten up their lending practices and resulted in a situation where many people found themselves having a hard time of it when they looked for ways to finance real estate purchases. Fortunately, there are creative ways to fund a purchase available at present and many investors are turning to them to fund their real estate transactions.

What You’re Up Against

At the time when the lending frenzy was in full swing, anyone with a pulse and the ability to sign the proper forms could get a mortgage, even if it was unlikely that they could actually afford the property they were taking out lending on. Today, the market is much tighter. Credit scores have to be very high to qualify for lending and the restrictions of mortgages are much tighter in terms of what they can be used to finance. It’s exceptionally difficult to get a hard money loan these days and banks are unwilling to fund the costs of listing fees and the other expenses involved in moving properties.

Making a Deal Work

If you have securities, you can look into getting funding against these assets. There are some significant advantages to this form of funding, aside from the fact that it makes it possible to get a loan for a house.

Both types of assets, securities and real estate, can appreciate, which allows the buyer to get a solid investment on both ends of the transaction. Because you don’t have to take out the securities, you can stay active in that market and get funding for a home at the same time.

Interest

With any type of lending, of course, the amount you pay in interest is a paramount concern. The security based lending options have different interest levels depending upon the amount you finance.

With a lending amount of between $100K and $250K, you’ll be looking at an average interest rate of around 5.25%. That number drops with higher amounts, with a lending amount of $1M having approximately 3% interest as a starting figure. There are other interest options available, of course, including fixed and variable.

For most people, the lower limit on this type of lending will be $100K. There is no maximum limit on the amount you can borrow. The terms of this type of borrowing is usually 3 years. In most cases, you will be able to close the loan without any fees or penalties being incurred.

Advantages

This is not a credit score based type of lending. It’s a document-free type of lending since it’s backed by your securities. Most lenders can close these loans in 5 days, sometimes slightly more. There are also no out-of-pocket costs involved with this type of lending, making it even more attractive to many buyers looking to get into the rapidly growing market at present.

What Can I Use?

You can use US Treasury notes, government agency bonds, municipal bonds and many other forms of securities to take out this form of lending. What you cannot use are foreign exchange securities, SBLCs, MTSs, stocks that haven’t any real trading volume, restricted stocks, private company stocks or other real estate. There are a host of products that are available to be used for this type of lending, so it’s always worth it to ask if it’s available to you with your existing securities.

What It’s Used For

Many investors are using this type of funding to make outright purchases of Miami Beach condos. The desirable terms and absence of penalties for early payoffs make it particularly suitable for these activities.

It can also be used for bridge loans, which are great if you plan on moving into a more desirable form of lending. Because security-based lending has desirable terms, anyway, it eliminates the need to take a very undesirable loan out to act as a bridge and, thus, eliminates much of the stress from this strategy, as well as much of the expense!

It may also be possible to deduct your carrying costs if you’re using your portfolio to purchase real estate. These, and many other advantages, are making this strategy very popular with those individuals getting back into the real estate market.

Roughly about 3.5 hours away from Miami and on the west coast of Florida sits the relaxing yet sophisticated beach town of Sarasota. This area boasts 35 miles of gorgeous beaches. In fact, Siesta Key beach was recently named the 2nd prettiest beach in the United States by Dr. Beach. Sarasota Florida real estate is popular for northerners who wish to escape the harsh, cold winters.

Siesta Key

Siesta Key is a gorgeous 8 mile long barrier island off the coast Sarasota. It is known around the world for the powdery white sands that is 99% quartz. Siesta Key beach is ranked by many as one of the prettiest beaches in the world. Siesta Key real estate is very diverse. You can find a modest and affordable condo within walking distance to the beach all of the way up to a palatial waterfront mansion or luxurious condo penthouse overlooking the beach and waters of the Gulf of Mexico.

Longboat Key

Longboat Key is an 11 mile long barrier island off the coast of Sarasota and Bradenton. It has a slightly different feel than Siesta Key. You will be amazed by its beauty and tranquility. Longboat Key condos are a popular among northerners who want a winter escape. The beach is littered with magnificent condos that offer breathtaking views of the beach and water. Longboat Key is a bit more private than Siesta Key. The beaches are very peaceful and quiet. You can walk along the beach and see very few people. It is paradise.

Lido Key

This smaller island sits between Siesta Key and Longboat Key. It is roughly 2 miles away from downtown Sarasota. On a pretty day you will see many people walking or running over the Ringling Bridge from downtown to Lido Key for a little exercise or just to capture some phenomenal water, city and islands views. St. Armands Key is where you will find the world famous St. Armands Circle. This is a great place to enjoy a meal at an outdoor cafe, do a little shopping, spend the day at a spa or just grab a tasy ice cream at Kilwins and do some people watching.

Sarasota, Florida is a great place to get lost for a weekend. It is a short drive from Miami and a great place to unwind your knots.

Palm Island, FL

is a small community located on a series of islands just off the coast. This location is highly sought after as it offers a tranquil environment very close to Miami. In fact, one can see the skyline of downtown Miami from any Palm Island real estate. This community has about 200 homes, a resort and an abundance of nature activities in which residents can lose themselves when they have some time to relax. The waters around the island are clear and warm and lend to the location the feel of a Caribbean island. The islands are all interconnected.

Palm Island Home owners

make their way to the mainland either by boat or by the ferry that makes daily runs between the island and the shore. There is no bridge or causeway that allows vehicles to be driven back and forth. This has allowed the island to remain delightfully free of crowds and absent the hassles that come with traffic migrating to the island from the city. It’s also made it possible for the island to serve as a habitat for some of the ocean’s most fascinating wildlife.

Palm Island properties

have become very much a part of the effort to bring the sea turtles back from the brink of extinction. Today, the island serves as one of their mating grounds. Groups of people go out to watch the turtles—without disturbing them, of course—as they gather on the beach during their mating season. This is a big part of Palm Island culture and residents even make efforts to reduce unnecessary lights on the beach so that the hatchlings can make it out to the ocean safely during the night. The manatee population is also very much a concern for the residents of this island.

The properties for sale on Palm Island

have historically been very sought-after. Because they are in a limited amount and because this island does offer a great deal of tranquility despite its being close to urban areas, houses for sale here are typically in very high demand whether they be sought for permanent residences or for Miami vacation homes. The resort is also a large draw though the fact that one must have water transportation to reach the island keeps the crowds low and the environment peaceful. By boat, it is a roughly 10 minute commute to the mainland, a short distance to have such tranquility.

There’s a huge difference between a resort hotel and a condo hotel. Namely, this room is always ready and available to you when you make your way to relax in St. Regis Bal Harbour, Florida.

The St. Regis is conveniently located

right across the street from the Bal Harbour shops. The shops feature several high profile stores including Saks Fifth Avenue, Neiman Marcus, Chanel and Louis Vuitton. The residence features three towers spanning 322 feet, 26 feet each. There are several sizes of condos available to meet your personal and family needs.

This condo hotel is unique in that 36 of the residences will be hotel condos that feature one large luxurious bedroom with a living room and two baths. They will also feature north and south ocean views. The remaining residences are to be 300 condos and then there will be 219 traditional hotel rooms. The St. Regis Bal Harbour Condo Hotel is intended to have a five star rating.

The St Regis Condo Hotel Bal Harbour Florida began construction

in the spring of 2008. It will be taking the place of the 50 year old Sheraton Bal Harbour hotel. The property will offer several amenities to residences including butler service, concierge service, the Remede spa and a fine dining restaurant. Expected to be open for business in 2011.

You know at least this much

it’s time to visit Sunny Isles Beach real estate, South Beach real estate, Miami Beach real estate and Bal Harbour real estate. These are some of Florida’s most beautiful and scenic locations and the spring and summer seasons are fast approaching. Whether you want to vacation in this lovely region, live here permanently or start investing in local real estate, now is the time to plan a trip to the Sunshine State. However, the pressing issue may well be should you rent or should you buy?

You’re probably very concerned

about the economy right now. You may have even second guessed the idea of taking a trip down to Florida right about now. This stage of the market is certainly volatile. Some have found that buying property is too much of a risk. On the other hand, some have found that the market is currently asking for record low prices, so they have been able to take advantage of the situation.

If you are too nervous

to think about buying then renting a property in Sunny Isles Beach, South Beach, Miami Beach and Bal Harbour may be a compromise. You could find a great rental opportunity in this beach covered region, whether looking for a luxury waterfront condo, an apartment or South Beach oceanfront condo that overlooks the shimmering beaches.

It’s easy to appreciate

the advantages of renting. It’s far less expensive than buying property and the responsibility of upkeep and maintenance falls in the hands of someone else. Renting is the ideal way to enjoy your vacation or extended visit. You might ask the question whether you are planning to visit these beach areas once a year over a decade or two-decade time period. If so, you may discover that buying a property (especially right now) would be more practical in the long run.

For more information and to view all currently available listings please click the corresponding links to Sunny Isles Beach condos, South Beach condos, Miami Beach condos and Bal Harbour condos.

	$1,599,000 5959 COLLINS AV # 603 Miami Beach Condos, Florida FL 33140 4 Bedrooms 4,1 Bathrooms 3,640 Sqft.
Bath Club Miami Beach Condo for Sale Condo Features:Bath Club Miami Beach is one of the most sought after brand new oceanfront luxury condos in Miami Beach. Property Type: Miami Beach Condo Listing Type: For Sale County/Area: Miami Dade County Real Estate MLS Listing: M1275232 Description: The most beautiful and the least expensive apartment in the building! Only $439.42 per square foot! Professionally designed, decorated and furnished, this residence will mesmerize you by every single detail, including electronic windows, droped ceilings, recesses lighting, surrond sound and much more. Unit features very spacious rooms, including 3 bedrooms, maid’s room, 4 bathrooms, private elevator entrance with amazing ocean views. Price reduced for quick sale. Check sold section and you will see similar units sold a lot higher. Hurry, won’t last! More About Bath Club Miami Beach Call today to see this amazing unit – 1-877-368-2318

Real Estate in Miami Beach, Florida: Search all Miami Beach Luxury Condos

Bentley Bay Condos For Sale & For Rent

The South beach real estate

offers amazing location, filled with beautiful scenery, beautiful condos and homes as well as beautiful people. This area has rapidly grown to become one of the hottest spots in Miami. Bentley Bay South is the premiere location for luxury residences in the area. Overlooking the beauty of Biscayne Bay, this lecture property combines the benefits of a five-star hotel with the beauty of owning a condominium residence in one of the world’s hottest there is.

Bentley Bay

consists of two towers – North and South. Both towers offer most recognizable views in Miami – the Intracoastal Waterway and the downtown Miami. The towers are 25 stories high with an ultra-modern design for a brand new building. The beauty of this property is that each for his own home to three or four condominiums. This provides you with the maximum privacy space that you demand. From the moment that you and other property, you understand the difference provided us incredible property. The portico features cascade water and panoramic views of multi-million dollars Star Island homes. Each tower offers a four-story lobby, as well as a two-story lobby for your convenience. You’ll find a 24-hour valet service, as well as a concierge and state of the art security services.

Each Bentley Bay Tower

is home to standard residences, space as well as ultra-luxury residences. The ultra-luxury residences are located on floors 2 through 23 in North Tower, and floors 5 through 25 in the Tower. Expansive terraces are one of the unique options but this property. You’ll find that you have access to your terrace from all bedrooms as well as the living room in your residence. In addition, each residence is prewired for high-speed Internet access, phone lines and cable TV. The doors are all solid core, offering you strength and great style.

9-foot smooth ceilings

offer you airy and enticing rooms, providing you with great style and comfort. The kitchen offers European wood cabinets, custom crafted for the Bentley Bay South, as well as marble countertops and backsplash. Under-cabinet lighting offers you great benefits and subdued lighting for your enjoyment, while the appliances are all state of the art. The master bath is sculpted from Italian marble, including the floor, shower, counter and bathtub surrounds. The waterfall spout in the tub is an excellent option and the seamless glass shower is large enough for two people. You’ll find numerous other amenities on property, as well; each aspect is designed to maximize your enjoyment and comfort.

If you own Sunny Isles Beach real estate, South Beach real estate or Miami Beach real estate

then you obviously know there are a lot of people that gather together in this popular Florida region. Many people meet to socialize, date, have a good time or exchange friendly conversations with their neighbors. Ordinarily, the thought of sexual predators would be far removed from our minds in such calm and tranquil conditions.

However, because of recent stories

in the news, and the ghastly consequences that have resulted because of naiveté, it is becoming far more common for Florida residents to take precautions when it comes to associating with new people. After all, the strangers you meet may someday become a romantic interest or at least have access to meet your family, including your spouse and children.

You have the right

to find listings of sexual offenders in the areas of Sunny Isles Beach, South Beach and the Miami Beach areas. If you have any doubts about particular people or simply want to get to know the neighborhood you have moved into, you can conduct an online search or visit the sites that will give you the insight as to who lives next to you. Sites like www.familywatchdog.us/, www.criminalcheck.com and www.sexoffender.com will provide this information free of charge.

Step one

is to search for free record databases. Most Florida counties offer free sex offender searches online. You can also contact the Florida Department of Law Enforcement. The second step is to fill out the online form provided by the government sponsored site by either by searching for sexual predators by name or by entering in your specific address. The next step is to record all of the data that comes back, which may include listings of several sexual offenders within the area. The next step is to click on the profile of a sexual predator (if available) which will usually provide basic information, a photograph, an address and the general crime for which the predator was convicted.

Local officials

in Sunny Isles Beach, South Beach or Miami Beach are required to give out information on sexual predators to anyone who asks. Furthermore, it is mandatory in the state of Florida that a community is given notice upon of the arrival of a sexual predator into the neighborhood.

Turnberry Ocean Colony Condos For Sale & For Rent

Turnberry Ocean Colony In Sunny Isles Beach Florida

is without any doubts the best building in South Florida. The minute you enter the building throught the heavy double iron gates you are in a lush tropical paradise surrounded by impecable service, top of the line amenities, unparalleled pampering in the spa, gym, pool and the beach.

Unit 3102 is currently available for short term seasonal rent, which is a very rare opportunity to enjoy life in the beautifull Turnberry Ocean Colony. Unit 3102 At Turnberry Ocean Colony is brand new, furnished and ready to move in. No one has ever lived in this apartment because it was recently finished by a professional decorator. This unit comes furnished with modern European furniture, light fixtures and comfortable patio furniture. However, the best thing about this unit is the price. Currently available at $6,300/month on an annual basis or $7,500/month for a short term period, is absolutely the best price in the building. Don’t believe me? Click here to check out all available listings at Turnberry Ocean Colony For Sale Or For Rent.